President BP Pls Robert Dudley is not going to visit Baku in the coming days, well informed sources from London told Turan.
The same source said that this week BP President will hardly visit Baku, because State Oil Company of Azerbaijan (SOCAR) and local BP division keep on working to stabilize production on the Azeri-Chirag-Guneshli (ACG) field.
Judging by all, Robert Dudley will visit Baku to inform Azerbaijani President Ilham Aliyev about the achieved progress and demonstrate solution of all the problems with the Azerbaijani officials in public. The sides must solve the issues related to extraction and other issues.
* A week ago several western media reported that at the end of last week BP President plans to visit Baku.-0-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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